Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3954. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,3800 / 1,4000 range.

Resistances

1,4000 - 1,4020

Supports

1,3850 - 1,3800

GBP/USD - British Pound Dollar

1,6189. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6200 (11 pips).

Resistances

1,6200 - 1,6340

Supports

1,6000 - 1,5800

USD/CHF - Dollar Swiss Franc

1,0842. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,0820 (22 pips). If the support breaks then the target will be 1,0700 (142 pips).

Resistances

1,0880 - 0,0985

Supports

1,0820 - 1,0700

USD/CAD - US Dollar Canadian Dollar

1,1013. USD CAD broke 1,1140 support. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The price should find a support above 1,0950 (63 pips). If the support breaks then the target will be 1,0700 (313 pips).

Resistances

1,1060 - 1,1140

Supports

1,1000 - 1,0925

USD/JPY - Dollar Yen

97,95. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 97,40 (55 pips). The consolidation should continue. The price should continue to move in 97,40 / 99,00 range.

Resistances

98,50 - 99,00

Supports

97,85 - 97,45